OPEC+ has decided to maintain its current oil production quotas despite ongoing Middle East tensions. Brent crude is trading near $96 per barrel, close to a recent high after a significant increase over the past month. The alliance’s production cuts are set to continue through the end of 2026. Market odds for crude oil reaching a new all-time high by September 30 stand at just 1.2%, while December expectations are slightly higher at 10.5%. Key figures including OPEC’s Mohammad Sanusi Barkindo and Saudi Arabia’s Energy Minister Abdulaziz bin Salman Al Saud will be closely watched for any further insights that could influence market sentiment.
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